Geometric Announces Appointment of Manu Parpia, Founder and Vice Chairman, as Managing Director and CEO
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MUMBAI, India, April 8, 2011: The Board of Geometric Ltd. (BSE: 532312, NSE: GEOMETRIC), announced the appointment of Mr. Manu Parpia, Founder and Vice Chairman as the Managing Director and CEO of the Company during a Board Meeting held today. Mr. Parpia will take over the position from Mr. Ravishankar G., who resigned for personal reasons.
At a meeting held today, the Board accepted the resignation of Mr. Ravishankar G., Managing Director and CEO and recorded its appreciation of Mr. Ravishankar's services. The Board appointed Mr. Manu Parpia, Founder and Vice Chairman, to take over the role of Managing Director and CEO with immediate effect. The appointment will be subject to necessary statutory approvals.
On the occasion, Mr. J. N. Godrej, Chairman of the Board said "On behalf of the entire Board, I thank Mr. Ravishankar for his leadership in guiding Geometric through a very critical phase of its journey. We wish him all the very best in his career. We are very pleased that Mr. Parpia has accepted our request to be the Managing Director and CEO. The Board is confident that Mr. Parpia will lead Geometric to the next level of its evolution."
On his appointment, Mr. Parpia said "I appreciate the confidence the Board has shown in me and I will do my utmost to ensure we continue to enhance shareholder value by serving our customers better and in more innovative ways which add not only to revenue growth, but also to improvement in margins. I am committed to drive Geometric's transformation to become a global leader in the engineering services space. "
Mr. Manu Parpia has over 30 years of experience in the industry, with over 21 years in the PLM and Engineering arena. He is one of the pioneers in this space in India. Mr. Parpia holds a Bachelor's degree in Chemical Engineering from McGill University, Canada and an MBA from Harvard Graduate School of Business Administration, USA.
About Geometric
Geometric (www.geometricglobal.com) is a specialist in the domain of engineering solutions, services and technologies. Its portfolio of Global Engineering services and Digital Technology solutions for Product Lifecycle Management (PLM) enables companies to formulate, implement, and execute global engineering and manufacturing strategies aimed at achieving greater efficiencies in the product realization lifecycle.
Headquartered in Mumbai, India, Geometric was incorporated in 1994 and is listed on the Bombay and National Stock Exchanges. The company recorded consolidated revenues of Rupees 5.11 billion (US Dollars 108.1 million) for the year ended March 2010. It employs over 3600 people across 10 global delivery locations in the US, Romania, India, and China. Geometric was assessed as CMMI 1.1 Level 5 for its software services and is ISO 9001:2008 certified for engineering operations.
For more information, please contact:
Media Relations
Kavita Karnani
+91.20.40284496
kavita.karnani@geometricglobal.com
